Page 23 - Annual Report 2017-18
P. 23
ATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS
ST
Fiscal Year Fiscal Year
Temporarily Permanently 2017-2018 2016-2017
REVENUES: Unrestricted Restricted Restricted Total Total
Student tuition $182,925,787 $ - $ - $182,925,787 $179,739,845
Less: scholarships and grants (4,174,253) --(4,174,253) (4,391,636)
Net tuition 178,751,534 --178,751,534 175,348,209
Gifts, contracts and grants 6,344,883 1,643,279 45,652 8,033,814 8,285,506
Sales and services of auxiliary enterprises 2,129,394 --2,129,394 2,030,036
Sales and services of educational
activities (patient care centers) 10,028,677 --10,028,677 8,717,813
Other operating revenues 3,733,111 --3,733,111 3,530,268
Net assets released from restrictions 2,341,030 (2,341,030) -- -
Total revenues 203,328,629 (697,751) 45,652 202,676,530 197,911,832
EXPENSES:
Total educational and general expenditures 184,341,646 --184,341,646 179,240,074
Development and fundraising 2,930,314 --2,930,314 4,020,080
Auxiliary enterprises 2,341,640 --2,341,640 2,478,062
Total expenses 189,613,600 --189,613,600 185,738,216
CHANGE IN NET ASSETS FROM
OPERATING ACTIVITIES 13,715,029 (697,751) 45,652 13,062,930 12,173,616
OTHER CHANGES IN NET ASSETS FROM
NON-OPERATING ACTIVITIES 11,993,923 817,305 (227,518) 12,583,710 13,527,684
INCREASE/(DECREASE) IN NET ASSETS 25,708,952 119,554 (181,866) 25,646,640 25,701,300
BEGINNING NET ASSETS 123,794,824 10,027,832 10,611,487 144,434,143 118,732,843
ENDING NET ASSETS $149,503,776 $10,147,386 $10,429,621 $170,080,783 $144,434,143
Annual Report | 2017 – 2018 21
ST
Fiscal Year Fiscal Year
Temporarily Permanently 2017-2018 2016-2017
REVENUES: Unrestricted Restricted Restricted Total Total
Student tuition $182,925,787 $ - $ - $182,925,787 $179,739,845
Less: scholarships and grants (4,174,253) --(4,174,253) (4,391,636)
Net tuition 178,751,534 --178,751,534 175,348,209
Gifts, contracts and grants 6,344,883 1,643,279 45,652 8,033,814 8,285,506
Sales and services of auxiliary enterprises 2,129,394 --2,129,394 2,030,036
Sales and services of educational
activities (patient care centers) 10,028,677 --10,028,677 8,717,813
Other operating revenues 3,733,111 --3,733,111 3,530,268
Net assets released from restrictions 2,341,030 (2,341,030) -- -
Total revenues 203,328,629 (697,751) 45,652 202,676,530 197,911,832
EXPENSES:
Total educational and general expenditures 184,341,646 --184,341,646 179,240,074
Development and fundraising 2,930,314 --2,930,314 4,020,080
Auxiliary enterprises 2,341,640 --2,341,640 2,478,062
Total expenses 189,613,600 --189,613,600 185,738,216
CHANGE IN NET ASSETS FROM
OPERATING ACTIVITIES 13,715,029 (697,751) 45,652 13,062,930 12,173,616
OTHER CHANGES IN NET ASSETS FROM
NON-OPERATING ACTIVITIES 11,993,923 817,305 (227,518) 12,583,710 13,527,684
INCREASE/(DECREASE) IN NET ASSETS 25,708,952 119,554 (181,866) 25,646,640 25,701,300
BEGINNING NET ASSETS 123,794,824 10,027,832 10,611,487 144,434,143 118,732,843
ENDING NET ASSETS $149,503,776 $10,147,386 $10,429,621 $170,080,783 $144,434,143
Annual Report | 2017 – 2018 21
